We have been saying it for a while: inflation is falling and falling quickly. 2020 was about COVID and goods inflation. 2021 was about vaccination and service inflation. 2022 was about the Fed being too slow to react to the first inflationary spike in 50 years. And 2023 is about... read more →
Jul
05
The VIX index, frequently referred to as “the Fear index”, is a widely followed measure of market volatility. It is derived from the prices of one-month call and put options on the S&P 500 index, providing us with a real time gauge of market participants’ expected volatility over the near... read more →
Jun
12
Much has been written over the last few months about the narrowness of the market (poor breadth). The S&P 500 is up 12%+ year to date but there have been relatively few outperformers; a handful of ‘AI’ related stocks have soared while the remaining stocks in the S&P are flat... read more →
Jun
08
The S&P 500 is up 20% from the October lows and predictably more and more investors are bullish on continued gains. Price leads sentiment. The latest AAII survey published yesterday shows the largest number of bulls in a year after a massive 15% jump to 44% from just the previous... read more →